Burnham Park Plaza, 40 E. 9th Street, Chicago, Illinois

Originally
built in 1914 as a YMCA, this building was converted into condos and
rentals in 1988, with some units being converted to condominiums in
2000. Located in the South Loop, Burnham Park Plaza is easily
accessible both by car and by public transit, and is within walking
distance of many office buildings in the Loop. Moreover, it provides
convenient access to a wide variety of entertainment and dining
options. The building itself features such amenities as a fitness
center (including both weight equipment and an aerobics room), an
indoor hot tub and sauna, and a second hot tub gracing the rooftop sun
deck. Laundry facilities are available on-site, and there is a 24-hour
doorman. A bike room is available, as well as a receiving room/cleaners.

Unit
assessments include water and basic cable. The building is 21 floors
high, and does have three elevators for tenants' use. Approximately 18%
of the building consists of rentals, with a total of 216 units being
owner-occupied. At the present time, only 51 units are owned by
investors. There have been significant price cuts on some of the
penthouse units, sometimes up to 55%. The tax assessments on the condos
may pre-date the conversion, so they may change significantly during
the 2010 re-assessments.

Cats are permitted, though the building does not
allow dogs. Parking spaces are available for purchase; there are 127
deeded spaces, 7 motorcycle spaces, and 49 limited common element
spaces.